Ballerine Inc.

Based in New York, US, and co-founded by Noam Izhaki (CEO), Nitzan Guy (CPO), and Alon Peretz (CTO) in 2022, Ballerine Inc. operates as a software development company offering an open-source and risk management platform. In May 2023, the firm raised USD 5 million in seed funding led by investor Team8 Capital, with participation from other investors Vera Equity and Y Combinator.   The company through its open-source risk decisioning and management platform provides a comprehensive solution for SMBs (Small and Medium-sized Businesses) to onboard, verify, underwrite, and monitor their operations.

The platform offers customizable risk processes across the SMB (small and medium business) lifecycle, allowing businesses to onboard, investigate, verify, and monitor other businesses. The company’s unified API (application programming interface) integrates all business data including data sources, government lists, ID and document verification providers, open banking, etc. Ballerine also reduces the back office operational burden through its customizable case management system for reviewing and taking decisions on cases, controls and optimizes policies through rule and workflow engine, and collects business documents and data dynamically through headless and client SDK. The platform also enables businesses to launch new services and expand into new geographical areas quickly, through its workflow creation for new products and locations.

The company plans to utilize its May 2023 funding to further develop its open-source risk monitoring and management platform.